Trend Research Sends 53,589 ETH to Exchanges in 24 Hours, Cuts Ethereum Exposure
Trend Research, linked to Li Hua Yi, transferred 20,000 ETH to Binance on Feb. 2 to reduce liquidation risk, on-chain analyst Ai Aunt (@ai_9684xtpa) reports. The firm sent a total of 53,589 ETH to centralized exchanges over 24 hours, which would result in a $42.67 million loss if sold at current prices. Trend Research's on-chain Ethereum holdings now stand at 608,251.55 ETH, worth approximately $1.28 billion.